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20110701
20110731
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as you know can happen instantly if some big player decides to sell off. >> obviously i'm not qualified to speak on behalf of the markets and what they will or will not do, but just my own judgment based upon all the various kinds of conversations that are occurring, are that we will find a way to deal with this issue. we do know that the root cause of our debt and deficit problem is spending is just too high. we also want economic growth. we don't want to embrace policies that we sincerely believe will damage the economy and hurt job creation. if you do that, then you lose even more revenues. so what we want to do is get a downpayment on our deficit and debt by getting spending cuts. i think that there are constructive conversations that are occurring both sides of the rotund rotunda, both sides of pennsylvania avenue. i do believe cooler heads will prevail. >>> what are the constructive conversations? for instance, are some elements of the gang of six proposal, i know you said it's not specific enough, it doesn't go adequately to slowing the growth of health spending, but are there co
toward a vote next week. the president says he still wants a big deal. but for the first time he's opening the door on senator mitch mcconnell's fall back plan which is gaining momentum on capitol hill. chuck todd was in the briefing room for the news conference. host of "the daily rundown" and luke russert. there was a movement from the president at least towards considering the mcconnell backup plan. what are the chances he still might get what he really wants which is a bigger deal? >> to me -- in a way put together to try to get through this. what you felt was the press conference was about was trying to frame the post game debate, if you will. you heard this from the speaker. suddenly they're back to distancing themselves from the debt ceiling. let's get to the debt ceiling part. we're running out of time on that. maybe there's still time to negotiate this grand bargain. that's sort of what i heard out of this. the president will sign anything that gets to his desk that seems to get through both houses of congress at this point. and then after that, maybe there's a conversat
Search Results 0 to 2 of about 3 (some duplicates have been removed)